Uhura Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.

UHURA COMPANY BALANCE SHEET FOR THE YEAR ENDED 2014
Current assets
Cash		$230,000
Accounts receivable (net)		340,000
Inventory (lower-of-average-cost-or-market)		401,000
Equity investments (trading)-at cost (fair value $120,000)		140,000
Property, plant, and equipment
Buildings (net)		570,000
Equipment (net)		160,000
Land held for future use		175,000
Intangible assets
Goodwill		80,000
Cash surrender value of life insurance		90,000
Prepaid expenses		12,000
Current liabilities
Accounts payable		135,000
Notes payable (due next year)		125,000
Pension obligation		82,000
Rent payable		49,000
Premium on bonds payable		53,000
Long-term liabilities
Bonds payable		500,000
Stockholders